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House prices stall as average price tags dip £1,000 - Rightmove

Tuesday, Jun 20 2017
House prices stall as average price tags dip £1,000 - Rightmove

Spring house price momentum stalled in June as the average price tag on a property coming to market dipped by more than £1,000 month-on-month, according to Rightmove. Across England and Wales, the average asking price was £316,109 in June, marking a 0.4% or £1,172 fall compared with May, amid signs that it is becoming more of a "buyers' market" in some areas, the property website said.

It was the first fall seen in the month of June since 2009 - at the height of the credit crunch - Rightmove said. It is also the first monthly decline in asking prices it has seen this year so far. The annual rate of asking prices also slowed in June, to 1.8% - the lowest rate since April 2013. Asking price growth in June was dragged down by London and the South East of England, with their large housing markets exerting a strong influence over the national figures.

Last modified on Tuesday, 20 June 2017
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